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Exhibit IV <br /> Estimated Impact on Other Taxing Jurisdictions Report <br /> City of Elk River,Minnesota <br /> Tax Increment Financing (Housing) District No.28 <br /> Jackson Hills Phase 2 Housing <br /> Draft TIF Plan Exhibits: Based on 44 Units Valued at$6.3M <br /> Without <br /> Project or TIF District With Project and TIF District <br /> Projected Hypothetical <br /> 2020/2021 2020/2021 Retained New Hypothetical Hypothetical Tax Generated <br /> Taxable 2020/2021 Taxable Captured Taxable Adjusted Decrease In by Retained <br /> Taxing Net Tax Local Net Tax Net Tax Net Tax Local Local Captured <br /> Jurisdiction Capacity(1) Tax Rate Capacity(1) + Capacity = Capacity Tax Rate(*) Tax Rate(*) N.T.C. (*) <br /> City of Elk River 29,409,713 44.556% 29,409,713 $88,505 29,498,218 44.422% 0.134% 39,316 <br /> Sherburne County 114,209,977 45.835% 114,209,977 88,505 114,298,482 45.800% 0.035% 40,535 <br /> ISD 728 44,486,959 31.717% 44,486,959 88,505 44,575,464 31.654% 0.063% 28,015 <br /> Other(2) --- 2.328% --- 88,505 --- 2.328% --- --- <br /> Totals 124.436% 124.204% 0.232% <br /> * Statement 1: If the projected Retained Captured Net Tax Capacity of the TIF District was hypothetically available to each of <br /> the taxing jurisdictions above, the result would be a lower local tax rate(see Hypothetical Adjusted Tax Rate above) <br /> which would produce the same amount of taxes for each taxing jurisdiction. In such a case, the total local tax rate <br /> would decrease by 0.232%(see Hypothetical Decrease in Local Tax Rate above). The hypothetical tax that the <br /> Retained Captured Net Tax Capacity of the TIF District would generate is also shown above. <br /> Statement 2: Since the projected Retained Captured Net Tax Capacity of the TIF District is not available to the taxing jurisdictions, <br /> then there is no impact on taxes levied or local tax rates. <br /> (1) Taxable net tax capacity=total net tax capacity-captured TIF-fiscal disparity contribution, if applicable. <br /> (2) The impact on these taxing jurisdictions has not been calculated. They represent 1.87%of the total tax rate. <br /> Baker Tilly Municipal Advisors, LLC Page 16 <br />